The IRS has begun disbursing the Economic Income Payments (or Recovery Rebate checks) this week. No action is needed by taxpayers who filed tax returns in 2018 and 2019 or by most seniors and retirees….

On April 1, Governor Murphy announced the intention to extend the state’s tax deadline from April 15 to July 15. As of Monday, April 13, the state legislature voted to approve the extension and, with…

The IRS has begun the process to distribute the Economic Impact Payments (also known as the Recovery Rebate or stimulus checks). Below are answers to your commonly asked questions.   How much is the Economic…

As you know, the April 15 deadline for 2019 federal individual, c-corporations, self-employment tax returns and first quarter estimated payments has been deferred 90 days until July 15, 2020. Yesterday the IRS released guidance that…

There is a lot of information circulated each and every day on the COVID-19 pandemic and legislative changes. For a short-and-sweet recap on what you need to know regarding your taxes, we present the following…

On April 1, 2020, New Jersey Governor Murphy, Senate President Sweeney, and Assembly Speaker Coughlin finally announced that the New Jersey state income tax filing deadline and corporation business tax filing deadline will be extended…

Late on March 25, 2020 the Senate passed the Coronavirus Aid Relief and Economic Security Act (CARES Act). The CARES Act is a stimulus bill featuring over $2 trillion in measures designed to make a…

When the IRS confirmed the deferral of the April 15, 2020 tax deadline to July 15, 2020, many questions arose. Is it for businesses or individuals? What about the self-employed, trusts, IRA contributions or payroll…